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Energy

U.S. sanctions on Lukoil threaten Iraq oil production drop

There is no backup plan for operating the 480,000 bpd West Qurna-2 field, with some Iraqi officials worrying production might need to be cut within weeks.
A ceremony at the West Qurna 2 oil field in Basra to mark the opening of two new well complexes on June 1, 2023. (JASSIM AL-JABIRI/Iraq Oil Report)

Beyond the Headlines: Oct. 24-30

OPEC hosts oil committee MPs Missan drills new wells UN envoy visits volatile Kirkuk Dhi Qar oil fire extinguished

Q&A: Anbar Governor Qasim Abid

The governor of Iraq's largest province talks about security amidst U.S. troop withdrawal and Syrian violence while multiplying energy sector investment.

Anbar sets terms for investment

Anbar's governor is aiming to create a business climate that attracts investment while putting his province's needs first.

Q&A: Vice President Tariq al-Hashimi

As the U.S. military prepares to withdraw, one of Iraq's vice presidents says the country's top security priorities include not only military restructuring but also investment and economic development.

Beyond the Headlines: Oct. 17-23

Kirkuk volatile as U.S. prepares exit Dhi Qar budget slashed Missan bolsters security forces Power plant offline after fire

Beyond the Headlines: Oct. 10-16

Basra oil sector targeted again Missan-Baghdad tensions flare Kirkuk attacks continue Pipeline failure in Diyala

Akkas deal finally signed

The gas field development deal awarded to the Korea Gas Corp. has been finalized, surviving 51 weeks of political wrangling.

Oil export expansion on track

Iraq will sign more than $1 billion in contracts to add 4.5 million barrels to daily export capacity from the south alone.